RenewX 2024 Highlights India's Renewable Energy Transition

 Informa Markets in India, a leading B2B exhibition organizer, successfully kicked off the 8th edition of RenewX today at HITEX Exhibition Centre, Hyderabad. The dedicated expo showcasing South India’s Renewable Energy innovations with a focus on sustainability and green energy, witnessed a significant turnout, with around 5000 visitors exploring the innovations presented by over 150 domestic and international exhibitors.

The event brought together manufacturers, distributors, suppliers and experts including energy consultants, independent power producers, EPCs, distributors/dealers, system installers and integrators and regulatory bodies, providing valuable insights and new opportunities in the Energy sector.

The grand opening of the esteemed expo was graced by distinguished dignitaries, including Chief Guest Mr. Bhagyathej Reddy, Director Power & Utilities, PwC; Sri. N Janaiah, Vice Chairman & Managing Director, Telangana State Renewable Energy Development Corporation Limited; Mr. Ajay Mishra, I.A.S Presently Chairman Indian Red Cross Society, Telangana State Advisor, Energy Committees, Federation of Telangana Chamber of Commerce and Industry, Hyderabad; Mr. Vinod Kumar Agarwal, Chair Energy Committee, The Federation of Telangana Chambers of Commerce and Industry; Mr. Yogesh Mudras, Managing Director, Informa Markets in India and Mr. Rajneesh Khattar, Sr. Group Director, Energy portfolio, Informa Markets in India; among other distinguished guests.

Mr. Bhagyathej Reddy, Director Power & Utilities, PwC said, “Net Zero Carbon India represents a crucial step towards a healthier and more sustainable future. India, despite its low per capita emissions, has pledged to achieve net zero by 2070. To meet these commitments, the Indian government has taken significant steps, earmarking close to 35,000 crores for capital investments in the energy transition. Initiatives like the Green Hydrogen Mission has identified Production Linked Incentive (PLI) schemes for Electrolyser manufacturing. Seven Indian states, including Telangana, are part of the UNDER2 coalition, aiming to reach net zero by 2050. Additionally, initiatives like the National Clean Energy Programme and the FAME scheme have been instrumental in promoting energy efficiency and renewable energy adoption_ India's commitment to increasing its carbon sink by creating additional forest and tree cover is another significant step towards achieving net zero. With a focus on renewable energy, energy efficiency, and sustainable development, India is on track to create a cleaner and more sustainable future for generations to come."

Telangana's Green Vision

Underlining the importance of Net Zero Carbon India, Mr. Vinod Kumar Agarwal, Chair of the Energy Committee at The Federation of Telangana Chambers of Commerce and Industry, said, “With over 150 top corporate exhibitors, RenewX 2024 presents Telangana with a significant opportunity to leverage the renewable energy sector. We are committed to supporting the Telangana Government's proactive steps towards promoting green energy, aiming to achieve our goal of becoming a net-zero carbon state by 2050. Telangana's strategic geographical location and abundant solar and wind resources position us to lead the charge towards a greener future. We strive to support industries and advise the government on policies beneficial to both the state and the industry."

Highlighting the importance of the event, Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said " RenewX is the premier sourcing fair for renewable energy in South India, bringing together key stakeholders from the industry. This creates a dynamic landscape ripe for innovation and entrepreneurial ventures, underscoring India's commitment to sustainable energy solutions and its leadership in the renewable energy sector. India boasts a vast pool of young and dynamic talent, and in recent years, the Government has spearheaded numerous initiatives to position the country as an attractive manufacturing destination on the global stage. This includes the record addition of renewable energy capacity, with 18.48 GW added in 2023-24, which is over 21 per cent higher than the previous year.

Over the course of these 8 editions, RenewX has firmly established itself as an indispensable event within the realm of regional shows, boasting top-line exhibitors and attracting key industry thought leaders. Looking forward, we are excited to announce that we want to embark on the next level of growth path for South India’s premier renewable energy show as we take it to Chennai, opening fresh opportunities for collaboration and innovation.”

Mr. BH Raghuram, NED Energy Limited, CEO, said “India aims to produce 5 million tonnes of green hydrogen by 2030, supported by 125 GW of renewable energy capacity. This initiative opens up new horizons for renewable energy in India. Government support is crucial for the renewable industry to thrive. Restricting the import of cheap materials and promoting local entrepreneurship is essential.

It's time for Indian corporates to embrace newer technologies, benefiting both the industry and end-users. NED Energy is committed to showcase products critical for India's renewable sector and is working closely with state nodal agencies to make renewable energy affordable with top-quality products.

Telangana, a forward-looking state, is spearheading e-mobility with various initiatives. The latest policy aims to establish Telangana as a global center for research and innovation in electric vehicles and other emerging technologies. However, the varying regulatory frameworks and short-term policies pose challenges for investments, especially in sectors like biomass that lack an established framework."

RenewX 2024 presents an enriching programm of conferences, including the CEO Roundtable, focusing on net-zero strategies, synergies, and sustainable growth in India. The Expo will cover important discussions around, ‘India as the next manufacturing hub for Global Renewable Energy Sector’,  ‘Decoding the Future of Grid-Scale Energy Storage’, ‘Innovation & Technology accelerating a Net Zero Economy’, ‘South India's Renewable Energy Potential to Net Zero in E-Mobility’, ‘Policy advocacy and research in the field of AgriPV India’, ‘Bioenergy: A nature-based solution for the emerging Indian market’, and ‘Future of renewable energy generation in India: Opportunities and Challenges associated with it.’

Distinguished speakers graced the event include notable figures like Mr. Rudranil Roysharma, Director – Energy & Environment (MEASA), Frost & Sullivan; Mr. Vinod Kumar Agarwal, Managing Director, MPL Group, Chair - Energy Committee; Mr. Deepak Jain, President, Grew Energy Private Limited; Mr. Roopesh Hira, Vice President, Domestic Sales, Vikram Solar; Mr. C Niranjan, Associate Vice President, Operations Amara Raja Batteries Ltd; Mr. Manoj Morampudi, Technical Manager, Energy Storage, Jinko Solar; Mr Swapnil Wakade, Business Head – Rooftop Solar, Ecofy and others.

The event featured a wide array of domestic and international participants, including renowned names like Emmvee Photovoltaic, Vikram Solar, Pahal Solar Pvt Ltd, Jinko Solar, NED Energy Limited, Grew Energy, Rayzon Green Energies, Exide Industries, Luminous Power Technologies, Microtek, Livguard Solar, Impulse Green Energy, Icon Solar, to name a few. With the valuable support of TSREDCO (Telangana State Renewable Energy Development Corporation Ltd), IBA (Indian Bio-gas Association), IGEF (Indo German Energy Forum), TELMA, TSEA (Telangana Solar Energy Association); Frost & Sullivan, Wood Mackenzie, Yole Group, National Highway for EV and Ease of doing Business, the event successfully bridged the gap between suppliers and buyers.